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Tatiana Loughman, EA ChE
Tatiana Loughman, EA ChE

1 Follower

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1 day ago

Corporation Saving Tax on Build-in Gains

Internal Revenue Service says that taxpayers- transferees of a company that was stripped of its assets and left unable to pay its Federal tax liabilities are responsible for the transferor company’s tax liabilities. (Slone IV, 896 F.3d at 1088). Shareholders of closely held C corporations with significant built-in gains and…

3 min read

Corporation Saving Tax on Build-in Gains
Corporation Saving Tax on Build-in Gains

3 min read


1 day ago

K-2; K-3 Reporting

2 min read

K-2; K-3 Reporting
K-2; K-3 Reporting

2 min read


1 day ago

Tuition Deduction C-Corp

T.C. Memo. 2022–19 Docket Nos. 4113–19, 4647–19. Filed March 9, 2022 The taxpayer claimed a business expense deduction for the C-Corp owners’ son-in-law (not an employee) for the costs of a coding course at a University. The son-in-law had no previous coding experience. A taxpayer is not entitled to deduct…

2 min read

Tuition Deduction C-Corp
Tuition Deduction C-Corp

2 min read


1 day ago

Sale of Partnership Interest

Sale of Partnership Interest Sale of Partnership A partner sells some interest in the partnership. Entity theory Section 741. Business is treated as a separate business, and gain or loss on the sale is treated as a capital loss. - Exchange - Gift - Death - Abandonment Computation of gain…

Partnership

3 min read

Sale of Partnership Interest
Sale of Partnership Interest
Partnership

3 min read


1 day ago

Tax Season

Tax time can be a stressful, overwhelming experience. It’s easy to forget important information and get confused by the paperwork. But with a few simple tips and tricks, you can make tax time easier and more stress-free. …

4 min read

Tax Season
Tax Season

4 min read


Feb 25, 2022

Using Tax Software to Do Your Taxes?

2 min read

Using Tax Software to Do Your Taxes?
Using Tax Software to Do Your Taxes?

2 min read


Feb 4, 2022

What Affects OIC?

On February 23rd, the U.S. Tax Court filed T.C. Memo. 2022–5 deciding whether the Office of Appeals abused its discretion in rejecting an offer-in-compromise (OIC) . The United States Tax Court found no abuse of discretion and granted summary judgment in favor of the IRS. Why? The petitioner submitted form 12153…

Taxes

2 min read

What Affects OIC?
What Affects OIC?
Taxes

2 min read


Jan 24, 2022

Recent Tax Related Charges

January 24, 2022Owner of a network of health care and rehabilitation facilities willfully failed to withhold and pay over employment taxes on behalf of his employees.Charged with tax evasion, and failing to file benefit plan reports.January 24, 2022a North Carolina man did not file any federal income tax returns, allegedly…

3 min read

Recent Tax Related Charges
Recent Tax Related Charges

3 min read


Jan 22, 2022

Innocent Spouse Relief

The IRS has the authority to collect from both spouses, regardless of who earned money and whether or not a joint tax return is filed. Section 6013 of the Code of Civil Procedure (d). https://www.irs.gov/businesses/small-businesses-self-employed/innocent-spouse-relief Innocent spose criteria: “ there is an understatement of tax attributable to erroneous items of one…

5 min read

Innocent Spouse Relief
Innocent Spouse Relief

5 min read


Jan 18, 2022

Charitable Contribution Deductions for a Conservation Easement.

Docket №7288–19. Filed January 13, 2022. This case reviews whether the supervisor lacked the authority to supply timely approval of penalties. A partnership acquired roughly 260 acres of land in Alabama. Later, the partnership granted to the National Wild Turkey Federation Research Foundation a conservation easement over the land. Then…

2 min read

2 min read

Tatiana Loughman, EA ChE

Tatiana Loughman, EA ChE

1 Follower

USA Tax Advisor. USA Enrolled Agent. Chartered Economist. www.78MyTax.com www.WideTax.com www.TaxesProblems.com

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